PSA to Buy Port Assets
From Hong Kong Firm

HONG KONG -- PSA International Pte. Ltd., Singapore's state-owned port operator, said it is buying the Hong Kong port assets of NWS Holdings Ltd. for three billion Hong Kong dollars (US$384.7 million). The deal marks the end of a pursuit by PSA that began last year to buy into Hong Kong's port to make its assets more attractive as a prelude to a listing in Singapore.

PSA has acquired a 31% stake in Asia Container Terminals Ltd., ACT, and a 33% stake in CSX World Wide Terminals Hong Kong Ltd., both of which were held by...